Showing posts with label incorporation. Show all posts
Showing posts with label incorporation. Show all posts

Saturday, 11 October 2014

How to incorporate your business and become an instant millionaire.

     HOW TO INCORPORATE YOUR BUSINESS AND BECOME AN INSTANT MILLIONAIRE.
    An incorporated business is a type of business that offers many benefits over a sole proprietor/partnership including liabilities protection and additional tax deductions. Thus, Business Incorporation can therefore simply defined as a process of legally declaring a corporate entity as separate from its owners. Before, explaining how to incorporate a business, let me take you through some benefits you may derived incorporating your business.
1.Incorporating a business, protect the owners assets against the company liabilities.
2.Allows for easy transfer of ownership to another party.
3.Achieve a lower tax rate than on personal income.
4.An Incorporated Business can raise capital through the sale of stock.
       How to Incorporate a Business.
To achieve the objective of this article, we would discuss about Delaware business Incorporation.(U.S corporations and Limited Liability company set up instantly in Delaware(USA). To incorporate in Delaware, you must use a registered agent. Go to http://www.Google.com and search for a registered agent of your choice. They are termed company Incorporator. You may as well search for the keyword "Delaware Business Incorporation"
      Advantage of Incorporating in Delaware.
1.Your headquarters may be anywhere in the U.S.A or other country.
2.No minimum capital requirements.
3.No lawyers necessary.
                      .........  MILLIONAIRE DOLLAR PART.
1.After filling papers and received certificate of incorporation.
2.Change the value of " no per value" stock to say $50 per share by filling an amendment through your registered agent.
This is legal because Delaware does not require proof of Capitalization. Since you are a corporation and hold all the three major offices, you can assign stock to yourself for any type of service you specify. As soon as you assign the $50 per share value to the stock, you are an instant millionaire.
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